Saudi spending in transfer window second only to Premier League3Photo© hindustantimes.com

Saudi spending in transfer window second only to Premier League

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“European football continues to be the benchmark for the game globally, and the Saudi investment in the game will divert its focus towards the infrastructure, to elevate the level of Asian football.”

Earlier this year, the Saudi Public Investment Fund (PIF) announced a Sports Clubs Investment and Privatization Project involving the league champions Al-Ittihad, Al-Ahli, Al-Nassr and Al-Hilal, with a host of top players moving to the league.

PIF own 75% of each of the four clubs, while their respective non-profit foundations own 25% of each.